Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: zeestephen

As this tax evasion scheme gets rained in it will have a zero value. Well there may be legit users, I figure there’s probably a majority who are not. I realize people have jumped in to make money off it, and they’re going to lose their money, As the smart ones have likely left.


3 posted on 05/19/2021 6:37:51 AM PDT by Reno89519 (Buy American, Hire American! End All Worker Visa Programs. Replace Visa Workers w/ American Wo)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Reno89519

Block chains are not zero value, they are going to become vital as digitization increases. Whether or not Bitcoin lasts is one thing, but the technology behind it is not going away.


6 posted on 05/19/2021 6:41:45 AM PDT by Shadow44
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Reno89519

—> As this tax evasion scheme gets rained in it will have a zero value.

It is not.
Gains and losses are required to be reported.


19 posted on 05/19/2021 6:52:13 AM PDT by aMorePerfectUnion (“Old wood best to burn, old wine to drink, old friends to trust, and old authors to read.” )
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Reno89519

Why didn’t that happen when it crashed in 2017?


58 posted on 05/19/2021 9:02:03 AM PDT by nickcarraway
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Reno89519

It was all crypto.


66 posted on 05/19/2021 11:44:10 AM PDT by wastedyears (The left would kill every single one of us and our families if they knew they could get away with it)
[ Post Reply | Private Reply | To 3 | View Replies ]

To: Reno89519
Well Reno, your knowledge of Blockchain and specifically bitcoin is quite low. Let me give you a few tips. First, like every bull cycle, bitcoin has many pullbacks in the 30%+ Range. In 2017, there were 7. Today's pullback, marking a 50%+ correction is historical, and hasn't happened since the bull market of 2013. As far as bitcoin being a tax evasion scheme, you need to do some research. If you understand that new money has to come in via a Fiat Gateway, ( Coinbase ) then your movement can be easily traced on the block explorer. Also, this would apply to 99% of cryptos and tokens via the open transparent corresponding block explorer. Bitcoin has already gone up $10,000 in less than 6 hours and many within the space were anticipating a major correction. Bitcoin is still on target to reach 200K this year, probably around October. Since 2011, Bitcoin has died thousands of times. Has had hundreds of 30% retracements and is still the best performing asset of the century. You'll be here laughing ,I'm sure, when Bitcoin goes from 200K to 100K.. and I'll be laughing at you.
67 posted on 05/19/2021 12:01:56 PM PDT by CryptoBull
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson